Banks DIH defends price paid for repurchase of shares

-`consideration for the transaction was stated to be in Guyana dollars’

Banks DIH Limited (BDIH) has defended its $5.5b repurchase of its shares from a Barbados company saying that the amount paid was based on a 2015 valuation conducted by PricewaterhouseCoopers (PwC).

In an advertisement in yesterday’s Stabroek News, Banks DIH was responding to a December 11, 2016 letter in Stabroek News by business analyst Christopher Ram.